<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Joel Robinson

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

St Leonards

Since being founded in the early 1990s by current chairman&nbsp;Michael Abolakian, the Sydney-based developer Hyecorp has offered a different level service than the rest of the industry.

In&nbsp;a&nbsp;first for apartment developments, Hyecorp has launched their latest residential&nbsp;project, Audrey with the Live Your Way initiative,&nbsp;providing buyers the option to design and customise their home during the construction stage.

Hyecorp offer a five-hour consultation with the group&#39;s Interior Designer, ensuring each buyer can fully customise every detail of their home when purchased off the plan.&nbsp;

Landing on Canberra Avenue in St Leonards, Audrey will feature 84 apartments across 12 levels, with the renowned local architecture firm, SJB handling the designs.&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=198678]

Inspired by the lush, green landscape of the nearby Newland Park, as well as the timeless classicism of New York, Audrey will comprise a mix of one, two and three-bedroom apartments, with&nbsp;many of the residences featuring&nbsp;studies or multipurpose rooms.&nbsp;

The built form of Audrey uses vertical forms with raw and tactile materials to form layers of contrasting elements, playing with light and shade to create&nbsp;a visual distinction between levels and residences.

Sculpted balconies and terraces are home to cascading gardens and planters enhancing the indoor-outdoor, as well as providing sweeping views to the park and Sydney city skyline.

[smartcode_project:default project_id=110379 project_image_fid=192151]

Throughout each apartment, expansive proportions are enhanced by panoramic&nbsp;windows, which frame the surrounding vistas whilst drawing in natural light.

Buyers will be at home with a suite of exclusive amenity across a number of shared spaces, including the rooftop with an alfresco dining space and barbecue, which will offer city skyline views.

Indoors there&#39;s a&nbsp;lap pool and spa, a cinema, music room, and a personal training studio. Audrey residents also benefit from an onsite daycare centre, as well as an onsite caf&eacute;.

[smartcode_project:default project_id=110379 project_image_fid=198978]

Hyecorp has created a collection of residences to suit a range of lifestyles, from growing families, to downsizers and single professionals, with&nbsp;the group&#39;s signature aesthetic an identifiable feature,&nbsp;particularly in the&nbsp;one-bedder apartments.

With bespoke joinery,&nbsp;which has been cleverly designed for a seamless extension from the kitchen into the open-plan living, the homes incorporate&nbsp;a built in entertainment unit and integrated kitchen storage as just some of the standard inclusions.&nbsp;

One, two and three-bedroom apartments can still be purchased within Audrey, with the Live Your Way scheme only available to buyers who purchase in the earlier stages of development.

[smartcode_project_cta: project_id=110379]

Designed by renowned Sydney architects, SJB, in collaboration with award-winning designer, Jackson Teece, Audrey delivers 84 apartments across 12 levels, with a limited number of one, two and three-bedders still remaining.



alisonwarters@gmail.com

'Live Your Way' at Hyecorp's Audrey apartments in St Leonards

Sydney-based integrated property group, Top Spring Australia, has received official approval&nbsp;for a&nbsp;masterplanned community in St Leonards, on Sydney’s upper North Shore.

The project will be known as The Newlands, across 1.26 hectares&nbsp;at 21-41 Canberra Avenue and 18-32 Holdsworth Avenue, and will see&nbsp;330&nbsp;new residences built across five buildings, one for each of the site’s five ‘superlots’.

The project is consistent with the Lane Cove Council’s St Leonards South Masterplan, gazetted in 2020, which allows for increased residential densities in the area south of the Pacific Highway and west of the North Shore rail line.

The project’s Bates Smart-designed scheme integrates with the topography of this part of St Leonards, and sees the five buildings graduated in height to allow for the site’s significant gradient, while also providing residents with outlooks over the adjacent Newlands Park.

The Newlands’ three parkland facing buildings will be eight, nine and ten storeys in height, with some storeys part levels, due to the site’s steep incline, while the two rear buildings will reach eight and eleven storeys in height.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1108" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.04_pm.png" width="1586" /></a>

Residences will come in a range of configurations, including one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses, with all residences designed to maximise a combination of parkland views, natural light and ventilation.

The project will create a highly connected ground plane that includes a 6-metre-wide, east-west site link, connecting Holdsworth and Canberra Avenues, as well as to a proposal by council to extend the pocket park at the end of Holdsworth Avenue.

In addition to the pocket park, the proposal will deliver a central 2,500sqm green spine that celebrates the transition from St. Leonards’ urban centre along Berry Creek and down to Sydney Harbour’s shore. The green spine plays on the dense forest planting of the gullies along Berry Creek, giving The Newlands community an immersive landscape journey and a new type of backyard for apartment dwellers.

Meanwhile, rooftop terraces with large entertaining spaces and lushly landscaped frontages will grace all buildings.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1106" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.16_pm.png" width="1630" /></a>

Sydney Ma, Managing Director of Top Spring Australia, confirmed his company’s exciting vision for the site.

“At Top Spring Australia we insist on enhancing the local environment of the areas in which we develop, and at The Newlands, we really want to improve the local community’s use of the site by providing access to enticing green spaces that can become an integral place for locals to gather, socialise, exercise and relax,”&nbsp;Ma said.

“Working closely with Lane Cove Council and our architects Bates Smart, we have envisioned a design that successfully negotiates the sloping site by ‘stepping’ the buildings down the hill so that everyone can benefit from the views of Newlands Park.

“Meanwhile, we have also included landscaped platforms that will enhance views towards and from the park, ensuring The Newlands really does have a feeling of being situated within its own private green space.”

&nbsp;

Launch of The Newlands through Colliers will be in mid-2022, with construction commencing in late 2022.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards"><img alt="" data-entity-type="" data-entity-uuid="" height="1102" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-07_at_12.56.45_pm.png" width="1502" /></a>

“We have established a reputation founded on the creation of exceptional living spaces that combine the latest trends in art, architecture and design, and our plans for The Newlands are certainly no different,” Ma added.

“We are working with some of Australia’s best designers to create homes that speak to the bushland quality of the surrounding area, with material palettes utilising a natural, robust and earthy selection of materials and finishes.

“Health and wellbeing is also a strong consideration, with the scheme designed to maximise the number of dwellings that are naturally cross-ventilated, while more than 7 in 10 dwellings will have more than one aspect.

[smartcode_project_cta:default project_id=24509]

&nbsp;

The project will see 330 new residences built across five buildings, one for each of the site’s five ‘superlots’.



Top Spring secure The Newlands, St Leonards masterplan approval

St Leonards is set for a new mega-development, with the integrated property group&nbsp;Top Spring Australia lodging plans for 329 residences as part of a 1.26 hectare masterplanned community.

The site,&nbsp;at 21-41 Canberra Avenue and 18-32 Holdsworth Avenue, will see the apartments built across five buildings, three fronting Canberra Avenue and Newlands Park, and the other two buildings with a frontage to Holdsworth Avenue.

The three buildings facing the parkland will be eight, nine and 10 storeys in height (some storeys will be part levels due to the site&rsquo;s incline), while the two rear buildings will be eight and 11 storeys.

The Bates Smart-designed buildings will include a mix of one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses. They have been designed to be stepped in height, to maximise views of the surrounding green spaces.

<img alt="" height="683" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/top_spring_green_st_leonards.jpg" width="1200" />

The plan provides public access to Newlands Park from Holdsworth Avenue via a six-metre-wide site link, as well as a 2,500 sqm communal garden at the centre of the project for a mix of public, private and communal uses.

The end of Holdsworth Avenue is to be closed by Council and turned into a pocket park. Three of the buildings will feature communal rooftop terraces providing sunny outdoor spaces, and all buildings will have landscaped setbacks from all street frontages.

Sydney Ma, Director and General Manager of Top Spring Australia, says the building forms step back and down the hillside revealing a series of stepped terraces, apartments and landscaped platforms towards Newlands Park.

&ldquo;With this project, we will be consistent with our vision to develop properties that incorporate the character of the local area by not only reflecting, but also enhancing, their local environment.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/top_spring_canberra_ave.jpg" width="1200" />

&ldquo;Here, we want to create an ecologically responsible, vibrant new community, nestled within lushly planted corridors, edges and setbacks, to further enhance not just Newlands Park, which the project faces, but also the other existing green spaces in the St Leonards area.

&ldquo;Inspired by the local Cammeraygal creek corridors, our fa&ccedil;ade approach interprets the contrasting conditions of the rocky fern gullies and vertical eucalypt forest. This is achieved with the bases of the buildings having a heavily planted sandstone plinth, above which vertical fa&ccedil;ade columns contrast with floating horizontal edge beams.

&ldquo;The buildings will sit comfortably within the urban environment of St Leonards, as well as the bushland quality of the surrounding area, with the material palette using a natural, robust, earthy selection of materials and finishes.

<img alt="" height="860" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/holdsworth_ave_top_spring_st_leonards.jpg" width="1200" />

&ldquo;We have worked long and hard on this design and look forward to working with the Lane Cove Council to bring it to life.&rdquo;

About Top Spring Australia

Launched in Hong Kong in 1993, Top Spring International is a globally-renowned integrated property group, with specialties in residential and commercial development, asset management, fund management and education.

To date, the company has completed more than 20 completed projects in 12 cities around the world.

Top Spring Australia is a division of Top Spring International, established in 2017 with the goal of redefining urban living in Australia.

The Bates Smart-designed buildings will include a mix of one, two and three-bedroom apartments, two-storey townhouses, as well as several penthouses

Top Spring Australia to develop 329 apartments and townhouses in Sydney's St Leonards

<a href="/developments/sydney-nsw">Sydney’s</a> latest development, aptly entitled <a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065">The Landmark</a>, has recently embarked on the construction of the towering 43-storey building. The momentous day&nbsp;was celebrated with a symbolic soil turning, with special guests including Lane Cover Council Mayor Pam Palmer and General Manager Craig Wrightson in attendance. With architecture led by A+ Design Group, the structure has been inspired by the fluidity of Sydney’s harbour,&nbsp;depicted in the building’s organic, undulating&nbsp;façade. The Landmark&nbsp;is also set to&nbsp;become the tallest mixed-use residential building on Sydney’s lower North Shore, standing at an impressive 138 metres.

<blockquote>
“This new piece of iconic architecture will redefine the skyline of St Leonards and give a new identity to the area. We are excited to open a new chapter and to see this life-changing project taking shape. Our architectural vision is becoming a reality.”
</blockquote>

Tony Leung, CEO of A+ Design Group

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.17.30_pm.png" rel="gallery-all" title="The soil turning ceremony at The Landmark site at St Leonards."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.30_pm.png?itok=HjBMhSd6" title="The soil turning ceremony at The Landmark site at St Leonards." width="580" /></a>

<figcaption>The soil turning ceremony at The Landmark site at St Leonards.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.17.53_pm.png" rel="gallery-all" title="Aerial view of the site."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.53_pm.png?itok=9cabvmYh" title="Aerial view of the site." width="580" /></a>

<figcaption>Aerial view of the site.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.11.00_pm.png" rel="gallery-all" title="The Landmark exterior render. "><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="321" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.11.00_pm.png?itok=fisMbJbL" title="The Landmark exterior render. " width="580" /></a>

<figcaption>The Landmark exterior render.</figcaption>
</figure>

A+ Design Group have worked with the Lane Cove Council since the initial master planning stages, to ensure the design is carefully considered, and well thought out.

<blockquote>
“We are pleased to be working in collaboration with Hutchinson Builders and Warren &amp; Mahoney’s project teams… A+ Design Group are honoured to be appointed as Design Guardian, to ensure design intent and quality standards of the project are met throughout construction.”
</blockquote>

Tony Leung, CEO of A+ Design Group

The Landmark's residents will enjoy spectacular views of Sydney's&nbsp;harbour, including iconic landmarks such as the Sydney Harbour Bridge and the Sydney Opera House. Once built, residents will have access to 5-star resort-style amenities including a luxurious swimming pool, well-equipped music room, sky terrace, a business centre, children’s play centre, an on-site library, private dining room, virtual golf course and state-of-the-art cinema.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.08.23_pm.png" rel="gallery-all" title="On-site music room."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="356" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.23_pm.png?itok=46JjWL3Z" title="On-site music room." width="580" /></a>

<figcaption>On-site music room.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.08.13_pm.png" rel="gallery-all" title="Movie theatre available for resident use."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="357" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.13_pm.png?itok=LlE4zJ-t" title="Movie theatre available for resident use." width="580" /></a>

<figcaption>Movie theatre available for resident use.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.37_pm.png" rel="gallery-all" title="The Landmark's indoor pool."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="320" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.37_pm.png?itok=5cdtAYud" title="The Landmark's indoor pool." width="580" /></a>

<figcaption>The Landmark's indoor pool.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.55_pm.png" rel="gallery-all" title="The Landmark's Sky Lounge."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="287" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.55_pm.png?itok=XYQklkKJ" title="The Landmark's Sky Lounge." width="580" /></a>

<figcaption>The Landmark's Sky Lounge.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.47_pm.png" rel="gallery-all" title="Virtual golf course."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="315" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.47_pm.png?itok=T6gRnJ7w" title="Virtual golf course." width="580" /></a>

<figcaption>Virtual golf course.</figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-08-27_at_4.14.23_pm_0.png" rel="gallery-all" title="Children's play area."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="359" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.23_pm_0.png?itok=zfHiF9he" title="Children's play area." width="580" /></a>

<figcaption>Children's play area.</figcaption>
</figure>

The development is slated for completion by 2022.

Olivia Round

St Leonards' new 43-storey tower 'The Landmark' commences construction

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The sustained urban renewal of the combined St Leonards and Crows Nest corridor continues with TWT Property Group looking to rezone a substantial site.

At 55-89 Chandos Street and 58-64 Atchison Street, a trio of towers are envisaged under plans conceived by Architectus. The fresh bid for rezoning is TWT's second tilt for the St Leonards land parcel after Allen Jack + Cottier spearheaded an initial rezoning scheme during August 2014.

At that time approval for building envelopes as tall as 172 metres were sought.

In the interim development expectations for the St Lenoards and Crows Nest corridor have heightened primarily due to the Crows Nest New Metro Station. Acting as a catalyst for urban renewal, a number of rezoning applications are in progress seeking substantial skyscrapers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image15_15.jpg" rel="gallery-all" title="In the heart of what will become an even higher density precinct. Image: Architectus"><img alt="" class="image-article-full-width-580px" height="366" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image15_15.jpg?itok=tfTtYGx1" title="In the heart of what will become an even higher density precinct. Image: Architectus" width="580"></a>

<figcaption>In the heart of what will become an even higher density precinct. Image: Architectus</figcaption></figure>During April Eastern Property Alliance Pty Ltd <a href="/news/crows-nest-earmarked-for-sydneys-next-major-skyscrapers">sought to transform what is known as the five ways intersection site</a> into skyscrapers spanning 193 and 162 metres. The 3,010 square metre plot addressed 395-419 Pacific Highway is considered a southern gateway location for both Crown Nest and St Leonards.

Conceived by Sydney Design Studio, the development sees a mixed-use programme inclusive residential, commercial and hotel aspects above a predominantly retail podium.

More recently <a href="/news/stockland-plans-to-supersize-its-st-leonards-renewal-opportunity">Stockland revealed intentions for a similar sized twin-towered scheme</a> reaching 63 levels and 45 levels at 601 Pacific Highway. 500 plus apartments monopolise Stockland's intentions across both towers, with a highly activated mixed-use 7 level common podium below.

TWT Property Group's latest rezoning bid is comparatively more modest. The site now contains thirteen commercial buildings, with three towers slated to take their place.

Architectus note "The architectural design scheme presents a mixed-use precinct which provides for a series of building heights that visually define the St Leonards Centre/CBD. The sites B4 zoning allows for a range of land use options. The site lends itself to being located in an existing Creative Arts Precinct in which the site currently accommodates a range of art studios, creative retail, gallery and community uses."

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image12_15.jpg" rel="gallery-all" title="Street level perspective. Image: Architectus"><img alt="" class="image-article-full-width-580px" height="270" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image12_15.jpg?itok=iAKi-lNY" title="Street level perspective. Image: Architectus" width="580"></a>

<figcaption>Street level perspective. Image: Architectus</figcaption></figure>Consequently a creative arts space is located in the podium levels of the mixed use buildings. It along with a publicly accessible 700 square metre plaza and a new through site link form the backbone of the proposal's public uses.

Additionally 438 apartments, 1,650 square metres of retail and 3,258 square metres of commercial space is included. 

Whilst North Sydney Council considers the merits of TWT's St Leonards proposal, the developer has a number of additional residential projects in motion. <a href="/buildings/newlife-bondi-junction-59-oxford-street-bondi-junction">New Life Bondi Junction</a> and <a href="/buildings/newlife-darling-harbour-495-harris-street-ultimo">New Life Darling Harbour</a> are both at construction with a combined yield of some 260 apartments, whilst a Candalepas Associates-designed is earmarked for Sydney's CBD.

The developer also holds approval for a maiden Melbourne apartment project at <a href="/new-apartments/180-albert-road-south-melbourne">180 Albert road, south Melbourne</a>.
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silvermb

TWT sees a new purpose for a rezoned St Leonards site

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Two months after planning manoeuvres came to light facilitating the <a href="/news/crows-nest-earmarked-for-sydneys-next-major-skyscrapers">delivery of two major skyscrapers</a> in Crows Nest, adjacent St Leonards is potentially up for a similar scaled development.

Stockland has identified 601 Pacific Highway as ripe for renewal, enlisting Architectus to create a planning proposal for two hulking towers. Spanning 63 levels and 45 levels, the taller of the duo would stand in excess of 200 metres above ground, whilst the shorter tower reaches approximately 145 metres.

The real estate company's push to realise the site's rezoning and subsequent redevelopment in light of the NSW Department of Planning and Environment's strategic review of the St Leonards and Crows Nest Station Precinct which effectively encourages intensified development in the area.

Standing as a 13 storey A-grade office tower approximately 200 metres east of St Leonards railway station, the asset was acquired by Stockland during 2003 with an eye toward a future renewal opportunity.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image19_21.jpg" rel="gallery-all" title="Podium space envisaged for 601 Pacific Highway. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="388" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image19_21.jpg?itok=oI3RgCZe" title="Podium space envisaged for 601 Pacific Highway. Planning image: Architectus" width="580"></a>

<figcaption>Podium space envisaged for 601 Pacific Highway. Planning image: Architectus</figcaption></figure>That opportunity will under preliminary plans see Stockland chase a predominantly residential outcome across the site, with 500 plus apartments expected. 5 basement levels for 255 vehicles are included, as is a mixed-use 7 level podium.

Office space is slated for the podium above ground floor retail uses, with community uses such as a childcare facility spanning almost 2,000 square metres.

In Architectus' words "601 Pacific Highway will be a place where people shop, live, work and gather to enjoy the public domain. The indicative concept design results in a design outcome which will strengthen the town centre with active and engaging ground floors and provide an iconic tower appropriate to its strategic location."

Stockland's bid is comfortably the largest proposal for the suburb north of Sydney's CBD. St Leonard's rapidly evolving skyline sees existing towers reaching 35 levels, whilst 617-621 Pacific Highway has approval in place for a 180 metre residential tower.

617-621 Pacific Highway abuts the Stockland site.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image20_14.jpg" rel="gallery-all" title="601 Pacific Highway and within an emerging built form context. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="231" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image20_14.jpg?itok=yJ6Vu9wG" title="601 Pacific Highway and within an emerging built form context. Planning image: Architectus" width="580"></a>

<figcaption>601 Pacific Highway and within an emerging built form context. Planning image: Architectus</figcaption></figure>Urbis compiled the Economic Impact Assessment for the rezoning of 601 Pacific Highway, making note that "North Sydney, Macquarie Park and Chatswood are now deemed more attractive for traditional office occupiers. The following market evidence indicates that this trend will continue for the foreseeable future:"

Although 7,500 square metres of office space is included within the planning proposal, it falls short of the existing building's 12,600 square metres.

Architectus' design for 601 Pacific Highway would potentially accommodate as many as 1,187 new residents, whilst an additional full-time, part-time and casual retail job rate of 109 is envisaged.

For Stockland, the bid to rezone the Pacific highway site reaffirms its re-emergence as an apartment developer in Sydney. The St Leonards site aside, Stockland has in its keep a 6237 square metre Rosebery development site and a <a href="https://www.propertycouncil.com.au/Web/Content/News/National/2018/McDonald_s_moves_into_apartments_with_Stockland.aspx">Parramatta opportunity</a> on the corner of Church Street and Victoria Road with plans approximately 350 apartments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image22_17.jpg" rel="gallery-all" title="A childcare centre with a view. Planning image: Architectus"><img alt="" class="image-article-full-width-580px" height="317" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image22_17.jpg?itok=HaJtuM15" title="A childcare centre with a view. Planning image: Architectus" width="580"></a>

<figcaption>A childcare centre with a view. Planning image: Architectus</figcaption></figure>
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Stockland plans to supersize its St Leonards renewal opportunity

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Eighty Eight, a $1.6 billion mixed-use development in St Leonards, had over 200 people attend its sales launch last week.
70 percent of the 180 Stage 1 apartment sold on the day.
The <a href="https://www.realestate.com.au/project/eighty-eight-by-jqz-st-leonards-600020070" target="_blank">three tower development</a> by Sydney-based Chinese developer JQZ is being marketed by Sunny Properties Group.
JQZ paid $295 million for the site last year, beating out the likes of Mirvac and Meriton who showed interest.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/88%20two.jpg" alt="">
Opposite St Leonards train station, the Christie Street development will comprise two residential towers of 47 and 26 storeys, holding 654 apartments in total.
It will include one, two and three bedroom apartments, as well as five five bedroom penthouses featuring their own private lifts. 
There will also be a 15-storey commercial and retail building fronting the Pacific Highway.
The project will commence construction in August, with completion expected by 2022.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/88%20one.jpg" alt="">
According to Sunny Wu, managing director of Sunny Properties Group, the level of interest in Eighty Eight is proof positive that apartment buyers are still active in the Sydney market.
“While in some respects the Sydney apartment market has flattened out a little, we’re finding that quality projects with first-rate amenities are still attracting plenty of attention – and Eighty Eight By JQZ is a perfect example,” said Wu.
“All apartments will enjoy amazing views, while residents will also have access to a rooftop pool, a lively ground floor laneway retail and dining precinct, a major supermarket, and the future St Leonards Public Library.”
Designed by leading Australian architects PTW, Eighty Eight By JQZ will feature a 30,000 sqm combined commercial and retail space, and will adjoin the future St Leonards open-air civic plaza, which will branch out over the neighbouring railway line.
Mrs Wu said the timing of the sales launch was also important in terms of garnering significant buyer interest.
“We’ve deliberately timed the launch of Stage 1 sales at Eighty Eight By JQZ to coincide with Chinese New Year celebrations, capturing international buyers who are enjoying Sydney’s warmer weather during the Chinese winter.
 
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jrobinson-rf4aSBido9

Apartment purchasers still very active at new 88, St Leonards development

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St Leonards continues to experience office erosion as stock continues to be earmarked for residential conversion, according to Colliers International’s latest Metro Office report.
“In the last six months, St Leonard’s vacancy has increased from 8.5 percent to 10.5 percent in January 2017 as tenants relocate to other metro markets.
"As previously mentioned, Jacobs relocated from 100 Christie Street to North Sydney, adding a contraction of just over 7,000sqm, Flexirent downsized 4,100sqm and 2UE vacated 170 Pacific Highway handing back 1,094sqm of space.
"These tenant moves contributed to a total six month net absorption of -22,878sqm,” the report stated.
Despite vacancy increases there is a strong prospect of a stronger residential market Colliers says.
“18,489sqm was withdrawn in the six months to January 2017 with a further 30,000sqm due to come offline in 2017, 18,500sqm of which will be redeveloped into a mixed use precinct (88 Christie Street).
"The next supply cycle will commence in 2019 with Royal North Shore Hospital fully committing to a 36,000sqm office development as well as Mirvac’s 472 Pacific Highway (4,600sqm).
"Mooted schemes are Gore Hill Technology Park (46,000sqm) and 18-20 Atchison Street (2,300sqm).
"Despite the increase in vacancy, the prospect of a stronger residential market encroaching on existing buildings and development space saw net face rents increase 21.5 per cent and incentives fall two percentage points in the last 12 months, with positive net effective rental growth expected to continue over the remainder of 2017,” the report advised.
A 144 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-501981146">St Leonards</a> (above) has been listed for sale.
Similarly a 67 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-502235646">St Leonards</a> (below) has been listed for $425,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/St%20Leonards-2.jpg" alt="">
A 96 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-502146674">51/6-8 Herbert Street</a>, St Leonards (below) was sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/516-8%20Herbert%20Street.jpg" alt="">
Similarly a 4605 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-st+leonards-501551463">2 Chandos Street</a>, St Leonards (below) was sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/2%20Chandos%20Street.jpg" alt="">
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j.ballantyne1990-6AQqhLzZaK

Office erosion in St Leonards continues: Colliers

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Centuria Property Funds Ltd has won the fund of the year award for the second year running, with its 203 Pacific Highway Fund receiving the Unlisted Property Fund of the Year 2016.
Last year, Centuria’s 8 Central Ave Fund No 2. also won the fund of the year at the Property Investment Research (PIR) awards. 
The Centuria 203 Pacific Highway is a closed-ended, single asset fund. It is a 50% leasehold of an A-grade office building located in The Forum in St Leonards business district north of the Sydney CBD. The remaining 50% leasehold is held by the Centuria Metropolitan REIT (CMA). 
Jason Huljich, CEO of Unlisted Property Funds at Centuria, said the award was a feather in the cap for Centuria and “reinforces our view that Sydney’s North Shore market is performing strongly and will continue to deliver returns to investors over the long term”. 
The fund was earlier rated AA by PIR.
203 Pacific Highway was constructed in 2000 and features modern amenities and views of the Sydney CBD. It has 11,737 sqm of net lettable area and is fully leased to tenants such as Primary Healthcare, Cardno and Verizon. The Weighted Average Lease Expiry (WALE) is 4.4 years. 
Huljich said the outlook for St Leonards is positive, as residential conversions continue to reduce office stock, while the Sydney Metro project will improve connectivity for workers. 
“Falling vacancies and strong rental growth as a result of residential conversions and the withdrawal of commercial office space in the area is contributing to rental growth and the performance of this market. The Fund is an excellent example of Centuria identifying a well- performing asset in an excellent location, with opportunities to add value for investors,” said Huljich. 
Centuria Property Funds is a wholly-owned subsidiary of ASX-listed fund manager Centuria Capital Limited, which has more than $2 billion in funds under management. 
 
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Centuria fund wins Unlisted Property Fund of the year: PIR awards 

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Loftex launched Embassy Tower with success at the weekend at St Leonards. 
Some 142 plus apartments were sold within the first few hours - out of the 205 released. 
CBRE said the primary buyer today were owner occupiers. Embassy Tower is due for completion in 2019.
Studios From 41sqm From $650,000
1 bedroom From 50 sqm From $695,000
2 bedroom From 75 sqm From $1,175,000
3 bedroom From 103 sqm From $1,550,000
"Most of the buyers today were owner occupiers who are coming from the North Shore line around areas such as Lindfield, wanting to be in close proximity to the city," said agent Ben Stewart. 
Its two bedders were most popular apartments with prices up to $2 million. There was a three bedroom apartment sold for $4.5 million.
Embassy Tower, the $280 million mixed-use development set, is the tallest tower designed by architects Nettletontribe.
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